Cost-cutting out of the recession.

CRH seeks to cut costs

Published:  13 July, 2009

 

DUBLIN: Building materials group CRH warned that trading would remain "extremely difficult". The company's investors, however, were said to believe that the worst was over for Irish group. 

 

 

This vote of confidence sent CRH's shares up.

Nevertheless, Ireland's largest listed company by stock market value said it would continue to step up its cost-cutting.

CRH is one of the world's biggest suppliers of asphalt, paving slabs, bricks and other construction products.

The company will be aiming to save 555m euros for 2009 and 2010, on top of the 895m announced in January.

The company employs 93 500 people worldwide and staff cuts and plant closures are anticipated.

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